Publication Date:
01
March
2005

ISBN: 9781451860672

Economic activity is risky. Returns across economic sectors can be highly variable, potentially causing costly adjustments to consumption. However, when returns are imperfectly correlated across sectors and insuran...

DOI: http://dx.doi.org/10.5089/9781451860672.001

ISBN: 9781451860672

Economic activity is risky. Returns across economic sectors can be highly variable, potentially causing costly adjustments to consumption. However, when returns are imperfectly correlated across sectors and insuran...